Marketmind: Beijing leaves market guessing on yuan
A look at the day ahead in European and global markets from Wayne Cole. The People’s Bank of China seems to like being enigmatic, throwing …
Market
Cocaine market is booming as meth trafficking spreads, U.N. report says
VIENNA (Reuters) – Cocaine demand and supply are booming worldwide and methamphetamine trafficking is expanding beyond established markets, including in Afghanistan where the drug is …
MSCI keeps eye on Nigeria market classification after recent FX changes
NEW YORK (Reuters) – MSCI will continue to consult with financial market participants on a potential reclassification of Nigeria to standalone market from frontier market …
Bond market divergence from Fed entrenched in U.S. yield forecasts: Reuters poll
By Sarupya Ganguly BENGALURU (Reuters) – U.S. bond markets are already pricing beyond expected Federal Reserve interest rate hikes in coming months, with strategists polled …
Labor Market Flashes ‘Reliable’ Recession Warning
Labor Market Flashes ‘Reliable’ Recession Warning John Hugh DeMastri on June 19, 2023 U.S. employees are working fewer hours, which is a reliable predictor of …
Chinese Defense Firms Seek To Flood Arms Market While US Is ‘Preoccupied’ With Ukraine: REPORT
Chinese Defense Firms Seek To Flood Arms Market While US Is ‘Preoccupied’ With Ukraine: REPORT Micaela Burrow on June 19, 2023 Beijing sees an opportunity …
Europe’s brief window of market outperformance swings shut
By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) – European equities and the euro look set to lose out to U.S. markets in …
Turkey to tackle inflation, follow free market rules – VP
By Nevzat Devranoglu ANKARA (Reuters) -Turkey will take steps to lower inflation and will follow free market rules as it acts to raise competitiveness and …
Analysis – Investors on guard for market stress as Fed signals more hikes ahead
By Davide Barbuscia and David Randall NEW YORK (Reuters) – A hawkish message from the Federal Reserve amid a robust stock market rally is presenting …
Japan govt says volatile forex market ‘undesirable’
TOKYO (Reuters) – Japan’s top government spokesperson said on Thursday that volatile moves in the currency markets were undesirable and that authorities were closely watching …
BoE’s Bailey says data show labour market ‘very tight’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that official data published earlier in the day showed the labour market was “very …
Morgan Stanley, JPMorgan turn bullish on emerging market local bonds
LONDON (Reuters) – Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they …
Healed from the pandemic, U.S. job market may face fresh wounds from the Fed
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials, who hoped to return the job market to its 2019, best-in-a-generation status after the pandemic, …
brick Township’s farmer’s Market is back
BRICK TOWNSHIP, NJ – Brick residents and visitors are in for a treat as the highly anticipated Brick Farmers Market returns for another season of …
Nvidia runaway winner in market cap addition in May
(Reuters) – Nvidia Corp’s market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a …
Dr Martens tripped up by tough U.S. market
By Eva Mathews and Helen Reid (Reuters) -Dr Martens shares dropped more than 10% on Thursday after the British bootmaker warned investments would hit profit …
Fed’s Bowman says housing market rebound could impact inflation fight
WASHINGTON (Reuters) – An apparent rebound in the residential housing market could impact the Federal Reserve’s inflation fight, with home prices “leveling out” even as …
Factbox-How megacap stocks fared after hitting $1 trillion in market cap
NEW YORK (Reuters) – A mammoth run in shares of Nvidia Corp has vaulted the chipmaker into a rarified club: U.S. companies that have reached …
Daimler CEO: Toyota truck deal will make us less dependent on Chinese market
HAMBURG (Reuters) – A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a …
Sanctions, pressure on foreign banks destabilising Russia’s FX market -central bank
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Pressure on foreign banks operating in Russia and the widening scope of sanctions is aggravating foreign …
US money market funds see big inflows amid debt ceiling caution
(Reuters) – U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for …
Target Loses $9 Billion In Market Value In A Week Following Boycott Over LGBT Merchandise
Target Loses $9 Billion In Market Value In A Week Following Boycott Over LGBT Merchandise Laurel Duggan on May 25, 2023 Target’s market value plunged …
Moody’s: Emerging market credit to be tight amid U.S.-led risks
LONDON (Reuters) – Emerging economies will continue to suffer from the spillover of economic problems in the U.S., which are restricting their market access and …
Toronto stock market seen up but slowdown in China could crimp gains: Reuters poll
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will rally less than previously expected in 2023 as higher borrowing costs cool the domestic …
US money market fund assets hit record highs despite debt-ceiling fears
By John McCrank NEW YORK (Reuters) – U.S. money market fund assets hit a new record of $5.8 trillion this week as yield-hungry investors continued …
Analysis-US debt ceiling crunch threatens to roil complacent stock market
By Lewis Krauskopf NEW YORK (Reuters) – Strategists at some of Wall Street’s biggest banks are sounding increasingly worried about potential market fallout from the …
BOJ’s Ueda warns of market turmoil if US defaults on its debt
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Friday a U.S. debt default could trigger market turmoil, and will likely have a …
U.S. Midwest grid operator flags urgent need for market reforms
(Reuters) – The electric grid operator for the U.S. Midwest on Thursday drew attention to the pressing need to reform power markets in the face …
Marketmind: World market, political eyes turn to Japan
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Japan takes center stage on Friday, with the …
Brazil retail sales smash market forecasts in March
SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in …
Bank of England’s Bailey sees some cooling in job market
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Wednesday there were some signs of a cooling of inflation pressure in Britain’s labour market …
India’s top court gives market watchdog 3 more months to finish Adani probe
By Jayshree P Upadhyay and Arpan Chaturvedi MUMBAI (Reuters) -India’s Supreme Court on Wednesday granted the country’s market regulator additional time till August 14 to …
Marketmind: Are we there yet? Market holds breath for debt ceiling deal
A look at the day ahead in European and global markets from Ankur Banerjee Nervousness in the market over the looming U.S. debt ceiling deadline …
‘What Is A Free Market?’: Ron DeSantis Rips Right-Wing ‘Corporatists’ In Call To Crack Down On Big Business
‘What Is A Free Market?’: Ron DeSantis Rips Right-Wing ‘Corporatists’ In Call To Crack Down On Big Business Harold Hutchison on May 15, 2023 Republican …
In the Market: Why US regional banks are doomed to a doom loop
By Paritosh Bansal (Reuters) – Banking regulators have been pushed by market volatility in recent weeks into doing things that they haven’t really wanted to …
Canada housing market upturn could delay shift to BoC rate cuts
By Fergal Smith TORONTO (Reuters) – Signs of recovery in Canada’s housing market after a year-long slump, just as higher borrowing costs are expected to …
Apple to open first online shop in Vietnam in a push to emerging market
(Reuters) – Apple said on Friday it would open its first online store in Vietnam next week, as the iPhone vendor doubles down on emerging …
UAE’s Royal Group looking at opportunities in US market – chair
DUBAI (Reuters) – The chairman of Abu Dhabi-based conglomerate Royal Group, Sheikh Tahnoon bin Zayed Al Nahyan, said on Thursday that the company has identified …
Here’s How Pro-Life Advocates Plan To Win In Court And Pull The Abortion Pill Off The Market For Good
Here’s How Pro-Life Advocates Plan To Win In Court And Pull The Abortion Pill Off The Market For Good Katelynn Richardson on May 7, 2023 …
China’s Hozon to produce EVs in Thailand for Southeast Asian market
BANGKOK (Reuters) – China’s Hozon New Energy Automobile will make electric vehicles in Thailand for the Southeast Asian market, a Thai official said on Saturday, …
‘The Market Is Smarter Than Biden’: Larry Kudlow Rips Biden Over Jobs Report, Spending
‘The Market Is Smarter Than Biden’: Larry Kudlow Rips Biden Over Jobs Report, Spending Harold Hutchison on May 5, 2023 Fox Business host Larry Kudlow …
Central banks stick to rate hikes with eye on market turmoil
LONDON (Reuters) – The U.S. Federal Reserve is close to the end of its interest rate hiking cycle, while the European Central Bank on Thursday …
Marketmind: Fed eyes pause, market bets on pivot
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Fed on Wednesday delivered what markets are …
Jackson Township in the market for two Harley Davidson motorcycles
JACKSON TOWNSHIP, NJ – Born to be wild? The Jackson Township government has put out bids requests to purchase two Harley Davidson motorcycles. No, there’s …
Brazil postpones new rules for opening meal voucher market
BRASILIA (Reuters) – Brazil’s government has dealt a setback to new entrants hoping to capture a larger share of the concentrated meal voucher market by …
Global companies by market cap: Tesla fell most in April
(Reuters) – Tesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the …
Australia’s home prices rise again in sign of market bottom
SYDNEY (Reuters) – Australian home prices rose for a second straight month in April, in a further signal that the nation’s property market may have …
Adidas wants to ‘double down’ on U.S. market – regional head tells WSJ
FRANKFURT (Reuters) – Adidas, which has come under pressure after ending its lucrative Yeezy shoe partnership with Kanye West, is trying to grab a bigger …
Wall Street Week Ahead: Recession worries simmer beneath US stock market rally
By Lewis Krauskopf NEW YORK (Reuters) – Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes …
In change for oil market, new US crude in Brent index lacks loading plan
By Alex Lawler LONDON (Reuters) – The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to …